That takes us back to the point that Susan has made in several threads on this topic and some other threads commenting on the Disaster Recovery fees - should an HOA reserve to cover a deductible for an unpredictable event like a hurricane? Replacement of roofs, furnishings, carpet, paint, etc. can be predicted, but storms cannot. Yes, storms hit some areas on average every X-number of years, but averages don't tell the entire story. Until 2016, a storm had not seriously impacted Hilton Head Island in many decades, but then we had Matthew in 2016 and, even though Irma didn't have a direct hit on HHI, there was still damage the very next year in 2017. I can see both sides of the argument. Why reserve when it may be many decades between hurricane impacts? But on the other hand, eventually, we know coastal areas in the southeastern US will have to deal with hurricanes, so why not hedge you bets at least to a degree? When was the last major storm to have significant damage in Ft Lauderdale? Hurricane Andrew was in 1992 and Wilma was in 2005 (but Wilma came from the west, hitting on the west coast near Naples, so Ft Lauderdale would not have likely had huge impacts). What do you use as the average period between storms to use to calculate the reserves? Do you count tropical storms? In some cases, a direct hit from a topical storm can cause more damage than a somewhat more distant hit from a major hurricane. There are so many variables, I'm not sure how you would objectively calculate the amount to reserve.